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SMG

The Scotts Miracle-Gro Company

SMG

The Scotts Miracle-Gro Company • NYSE
$56.62 ▲ 0.05% (+0.03)
Market Cap $3.26 B
52w High $79.11
52w Low $45.61
Dividend Yield 2.64%
P/E 22.92
Volume 282.95K
Outstanding Shares 57.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $387.4M ▼ $173.6M ▲ $-151.8M ▼ -39.184% ▼ $-2.63 ▼ $-145.3M ▼
Q3-2025 $1.188B ▼ $163M ▼ $149.1M ▼ 12.551% ▼ $2.58 ▼ $257.7M ▼
Q2-2025 $1.421B ▲ $203.2M ▲ $217.5M ▲ 15.306% ▲ $3.78 ▲ $356.5M ▲
Q1-2025 $416.8M ▲ $145.8M ▼ $-69.5M ▲ -16.675% ▲ $-1.21 ▲ $-43.3M ▲
Q4-2024 $414.7M $186.6M $-244M -58.838% $-4.29 $-259M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $36.6M ▼ $2.742B ▼ $3.099B ▼ $-357.5M ▼
Q3-2025 $51.1M ▲ $3.091B ▼ $3.261B ▼ $-170.9M ▲
Q2-2025 $16.9M ▲ $3.537B ▲ $3.827B ▲ $-290.1M ▲
Q1-2025 $9.8M ▼ $3.17B ▲ $3.65B ▲ $-479.5M ▼
Q4-2024 $71.6M $2.872B $3.263B $-390.6M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $-151.8M ▼ $174.1M ▼ $-52.1M ▼ $-135.8M ▲ $-14.5M ▼ $131.2M ▼
Q3-2025 $149.1M ▼ $454.4M ▲ $-25.3M ▼ $-396.1M ▼ $34.2M ▲ $437.5M ▲
Q2-2025 $217.5M ▲ $188.1M ▲ $-11.4M ▲ $-169.8M ▼ $7.1M ▲ $179.8M ▲
Q1-2025 $-69.5M ▲ $-445.3M ▼ $-23.3M ▼ $407.7M ▲ $-61.8M ▲ $-474.6M ▼
Q4-2024 $-244M $118.5M $-20.4M $-306.8M $-208.3M $101.9M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Hawthorne
Hawthorne
 $50.00M ▲$30.00M ▼$30.00M ▲$50.00M ▲
Other Segments
Other Segments
 $20.00M ▲$80.00M ▲$130.00M ▲$30.00M ▼
United States Consumer Segment
United States Consumer Segment
 $340.00M ▲$1.31Bn ▲$1.03Bn ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from its pandemic peak and has been basically flat for the last couple of years, which suggests the business has stabilized but is not yet back to strong growth. Profitability has been through a rough patch: once-solid profits turned into operating losses, and although operating results have recently moved back into the black, the overall bottom line is still hovering around break-even. This points to a company that has cut costs and regained some pricing power, but is still working through margin pressure from prior missteps, higher costs, and a less favorable demand environment than in 2021.

Balance Sheet

Balance Sheet The balance sheet is the weak spot. Debt remains high relative to the size of the company, while shareholder equity has turned negative, a sign of prior losses and leverage weighing on the capital structure. Cash on hand is quite thin, which makes the company more dependent on its credit lines and lenders. In simple terms, the business owns meaningful assets, but they are financed with a lot of borrowing, leaving less of a cushion if conditions worsen or interest costs stay elevated.

Cash Flow

Cash Flow Cash generation looks better than the accounting profits suggest. After a year of cash drain, operating cash flow has been positive for two years in a row, and free cash flow has followed the same pattern even while reported earnings were negative. This usually means the company has improved working capital, controlled spending, and kept investment in new facilities and equipment restrained. The risk is that with a low cash balance and a heavy debt load, SMG has less room for error if cash flow were to weaken again, but current trends show meaningful progress in stabilizing the business.

Competitive Edge

Competitive Edge Scotts Miracle-Gro still enjoys a strong position in consumer lawn and garden, built on trusted brands, broad shelf space at major retailers, and scale advantages in manufacturing and distribution. Its names are often the default choice for many homeowners, and long-standing relationships with big-box stores help keep competitors at bay. However, the company faces ongoing challenges from retailer private labels, smaller niche organic brands, and the cyclical nature of its categories, which are sensitive to weather and housing activity. Overall, the moat is real but not unassailable, and execution with retailers and on brand strength remains critical.

Innovation and R&D

Innovation and R&D The company invests consistently in research and development, with a clear focus on organics, sustainability, and making gardening easier for consumers. Its Performance Organics line, water-saving lawn products, and digital tools like lawn and garden apps show a willingness to adapt to changing preferences and technology. The Hawthorne segment adds exposure to hydroponics and indoor cultivation, including the cannabis ecosystem, which could be a longer-term growth lever but has faced volatility and execution risk. Looking ahead, deeper moves into biological solutions, smarter gardening tools, and advanced plant science could differentiate SMG further, but the payoff timelines and commercial success of these efforts are uncertain.

Summary

Scotts Miracle-Gro today looks like a strong consumer franchise working through the hangover of a boom-and-bust cycle. Sales have reset lower from their peak but appear more stable, and operating performance is improving from prior losses, even if headline earnings are still weak. The major financial risk is the leveraged balance sheet and thin cash buffer, which heighten sensitivity to interest rates and any downturn in cash flow. On the positive side, the company’s brands, retail relationships, and ongoing innovation provide meaningful competitive strength. The key questions going forward are whether SMG can sustain healthier cash flows, gradually repair its balance sheet, and successfully tap growth areas like organics, water-efficient solutions, and controlled-environment growing without overreaching again.

NEWS

November 25, 2025 · 9:15 AM UTC

Columbus Crew and ScottsMiracle-Gro expand long-standing partnership, highlighted by stadium naming rights

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November 5, 2025 · 4:05 PM UTC

The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

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November 5, 2025 · 7:00 AM UTC

ScottsMiracle-Gro Reports Strong Fiscal 2025 Full-Year Results Driven by Robust Gross Margin Expansion and EPS Growth

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October 22, 2025 · 4:26 PM UTC

ScottsMiracle-Gro Announces Timing of Fourth Quarter 2025 Financial Results and Webcast

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